Articles from Comvest Partners

Comvest Partners (“Comvest”), a middle-market private investment firm, today announced the promotions of three key leaders of Comvest Credit Partners, its direct lending investment platform. Robert O’Sullivan has been appointed as Chief Executive Officer; Jason Gelberd as Chief Operating Officer; and Greg Reynolds as Chief Investment Officer, effective immediately. With these appointments, Michael Falk, Comvest’s Founder and Chief Executive Officer, assumes the role of Executive Chairman.

Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced that Eric Shields has rejoined the firm as a Principal in the private equity group, where he is responsible for sourcing, evaluating, executing and monitoring private equity investments. Mr. Shields was previously with Comvest from 2016 to 2021, most recently as a Vice President.

Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent and is the Sole Lender on a senior secured credit facility (the “Financing”) for Billhighway (or the “Company”), a Troy, Mich.-based provider of finance management technology solutions for fraternal organizations and associations, and private equity firm Lovell Minnick Partners (“LMP”). The Financing will be used to refinance existing debt and support Billhighway’s acquisition of ChapterSpot, a provider of customer relationship management (CRM).

Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent and is the Sole Lender on a $117 million senior secured credit facility (the “Financing”) for ACT Entertainment (the “Company”), a portfolio company of investment firm BASE Equity Partners (“BASE”). The Financing was used to refinance existing debt and support ACT Entertainment’s acquisitions of Spitfire Creative Technologies, a provider of audio and visual equipment and technology, and Ambersphere Solutions, a provider of professional lighting solutions.

Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent on a senior secured credit facility (the “Financing”) for Senior Support Holdings (Franchise) Acquisition, Inc. (“Senior Helpers”), a Towson, Md.-based national leader in home care and wellness offerings for seniors. The Financing was used to support the acquisition of Senior Helpers by private equity firm Waud Capital Partners (“Waud Capital”). The funding also provides committed capital for Senior Helpers’ future growth initiatives.

Comvest Partners, a leading middle-market private equity and credit investment firm, is pleased to announce that its direct lending platform, Comvest Credit Partners, is acting as Administrative Agent and is the Sole Lender on a $70 million senior secured credit facility (the “Financing”) for Nationwide Energy Partners (“NEP”, or the “Company”), an Ohio-based provider of utility management services to the multifamily market. The Financing will be used to retire existing debt and support new strategic initiatives.

Comvest Partners (“Comvest”), a middle-market private investment firm, is pleased to announce that an affiliate of GAI Consultants, Inc. (“GAI”) has acquired Creighton Manning Engineering, LLP (“Creighton Manning” or the “Company”), of Albany, New York. GAI, a preeminent engineering, planning and environmental consulting firm with locations throughout the United States, is a platform investment in Comvest’s private equity portfolio. With the transaction, Creighton Manning becomes a division of GAI called Creighton Manning, a GAI Company.

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that Your Behavioral Health, a Torrance, Calif.-based behavioral health services platform, has acquired Insight Treatment Programs (“Insight”). Insight joins Your Behavioral Health’s regional network of behavioral health clinics providing mental health and addiction treatment care for teens and adults. Your Behavioral Health is a platform investment in Comvest’s private equity portfolio.

Comvest Partners (“Comvest”), a leading middle-market private equity and credit investment firm, today announced the final close of its sixth flagship private equity fund, Comvest Investment Partners VI, L.P. (“CIP VI”, or the “Fund”), with total capital commitments of $881 million.

Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a new growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. Comvest has been a capital provider to ClearOne since 2017.

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that David Gibson has joined the firm as a Managing Director. Mr. Gibson is responsible for originating, structuring and managing debt investments for Comvest Credit Partners, Comvest’s direct lending investment platform. He is based in the firm’s Chicago office.

Comvest Partners (“Comvest”), a middle-market private investment firm, today announced the completion of its previously announced sale of Systems Control, a leading manufacturer of end-to-end substation control solutions, to Hubbell Incorporated (NYSEHUBB).

Comvest Partners (“Comvest”), a middle-market private investment firm, is pleased to announce the execution of a definitive agreement to sell Systems Control (the “Company”) to Hubbell Incorporated (NYSEHUBB), a leading manufacturer of utility and electrical solutions. Systems Control has been a portfolio company in Comvest’s private equity strategy since 2018. The transaction is expected to close by the end of the year.

Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that it has completed a growth capital investment in ClearOne Advantage, LLC (“ClearOne” or the “Company”), a Baltimore-based debt resolution services provider. The investment provides follow-on financing to support the Company’s growth initiatives; Comvest has been a capital provider to ClearOne since 2017.

Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, today announced that private credit investment veteran Lee Landrum has joined the firm as a Partner and Head of Investor Relations.

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that Comvest Special Opportunities, Comvest’s structured capital investment platform, has completed a junior capital investment in Apotheco Pharmacy Group (“Apotheco”, or the “Company”), an operator of specialized pharmacies focused on clinical dermatology.

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, today announced that Comvest Credit Partners, its direct lending platform, has completed the final close of its latest flagship fund, Comvest Credit Partners VI ("CCP VI"). CCP VI raised $2 billion in equity commitments, exceeding its initial target fund size of $1.7 billion, to provide financing to mid-sized North American businesses.

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce the acquisition of Your Behavioral Health (the “Company”), a behavioral health services platform based in Torrance, Calif. Your Behavioral Health becomes the 13th healthcare services platform investment by Comvest’s private equity strategy.

Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce that its private equity platform investment GAI Consultants, Inc. (“GAI”), a preeminent planning, engineering, and environmental consulting firm with locations throughout the United States, has acquired Eland Engineering, LLC (“Eland”, or the “Company”), a Fort Lauderdale-based regional provider of engineering consulting and field maintenance services for Intelligent Transportation Systems (ITS) and traffic signal systems. With the transaction, Eland becomes a division of GAI.

Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that Duke’s Root Control, Inc. (“Duke’s”), has acquired Underground Infrastructure Services (“UIS”), of Livonia, Mich. Duke’s, a national provider of wastewater and gas-focused inspection, diagnostics, and remediation services, is a platform investment in Comvest’s private equity portfolio.

Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that John Mendell has joined the Firm as a Managing Director in its Investor Relations group.

Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that Charles Asfour has joined the Firm as a Partner. Mr. Asfour assumes a key leadership role within the Comvest Special Opportunities investment platform, where he serves on the strategy’s investment committee and is responsible for originating, structuring, and managing special opportunities investments. He is based in Comvest’s Chicago office.

WEST PALM BEACH, Fla., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Comvest Partners (“Comvest”), an operationally-focused middle-market private investment firm, is pleased to announce that Duke’s Root Control, Inc. (“Duke’s” or the “Company”) has acquired Pipetek Infrastructure Services (“Pipetek”). Duke’s, a leading national provider of wastewater-focused inspection, diagnostics, and remediation services for municipal customers, is a platform company in Comvest’s private equity portfolio.

WEST PALM BEACH, Fla., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce the acquisition of Flash Global (or “the Company”), a Parsippany, N.J.-based global provider of service supply chain solutions. Flash Global becomes a new platform investment in Comvest’s private equity portfolio.

WEST PALM BEACH, Fla., Dec. 13, 2022 (GLOBE NEWSWIRE) -- Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce the acquisition of Duke’s Root Control, Inc. (“Duke’s”, or “the Company”). Duke’s, based in Elgin, Ill., provides wastewater-focused inspection, diagnostics, and remediation services to municipal customers. With the transaction, a carve-out from Douglas Products and Packaging Company, LLC, in partnership with management, Duke’s becomes the second infrastructure services platform to join Comvest’s private equity portfolio this year.

WEST PALM BEACH, Fla., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it has acted as Joint Lead Arranger on a senior secured credit facility (the “Financing”) for Bradford Health Services (“Bradford,” or the “Company”), a Birmingham, Ala.-based provider of behavioral health services. The Financing was used to fund the acquisition of the Company by private equity firm Lee Equity Partners and support the future growth needs of the business.

WEST PALM BEACH, Fla., Dec. 02, 2022 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it has acted as Administrative Agent on a senior secured credit facility (the “Financing”) to CheckedUp (the “Company”), a New York-based provider of digital healthcare solutions, to support the Company’s acquisition of Health Media Network (“HMN”), a Norwalk, Conn.-based provider of digital healthcare solutions and wellness content. The Financing will also be used to support the future growth of the combined platform. CheckedUp is a portfolio company of Rockbridge Growth Equity, a Michigan-based private equity firm focused on the middle market.

WEST PALM BEACH, Fla., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it has acted as Administrative Agent on a $400 million senior secured credit facility (the “Financing”) to Beyond Finance (the “Company”), a Houston-based provider of success fee-based debt resolution services that has been part of Comvest’s Direct Lending portfolio since 2019. The Financing marks the fifth upsize Comvest has supported for Beyond Finance and will be used toward the Company’s ongoing operations and continued growth.

WEST PALM BEACH, Fla., Oct. 13, 2022 (GLOBE NEWSWIRE) -- Comvest Partners (“Comvest”), an operationally focused middle-market private investment firm, is pleased to announce a strategic private equity investment in GAI Consultants Inc. (“GAI”, or the “Company”), a preeminent engineering, planning and environmental consulting services firm, in partnership with GAI’s leadership team and existing employee-owners. Financial terms were not disclosed.

WEST PALM BEACH, Fla., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it has acted as Administrative Agent and Sole Lender in providing a new $100 million senior secured credit facility to Ojos Locos, LLC, (“Ojos Locos”, or the “Company”), a Dallas-based restaurant chain operator in Comvest’s Direct Lending portfolio. The Financing will be used to support Ojos Locos’s working capital and growth needs. Comvest also made an equity co-investment in the Company.